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KW COMMERCIAL2230 Corporate Circle,Suite 250Henderson , NV 89074
KIM K. HENRYDirector0: [email protected] #BS.0144445
MICHELLE BUSHO: [email protected]
PRICE REDUCTION-W Baltimore Avenue
OFFERING MEMORANDUM
PRESENTED BY:
LAS VEGAS, NV
OFFERING MEMORANDUM
Each Office Independently Owned and Operated kimhenryrealty.com 2
KW COMMERCIAL2230 Corporate Circle,Suite 250Henderson , NV 89074
Confidentiality & Disclaimer
KIM K. HENRYDirector0: [email protected] #BS.0144445
MICHELLE BUSH
O: 702.762.8046
All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sourcesare provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliancewith applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of theproperty for any party’s intended use or any and all other matters.
Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy orcompleteness of the materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, thatmay be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters ofsignificance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed inwriting.
EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.
Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections andinvestigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by theparty including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercialmakes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercialdoes not serve as a financial advisor to any party regarding any proposed transaction.
All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party withan attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by theparty with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmentalrequirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. Allproperties and services are marketed by KW Commercial in compliance with all applicable fair housing and equal opportunity laws.
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. Itis submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
OFFERING MEMORANDUM
PRESENTED BY:
LAS VEGAS, NV
PROPERTY INFORMATION
1 | PROPERTY INFORMATION
EXECUTIVE SUMMARY
PROPERTY DESCRIPTION
PROPERTY DETAILS
ADDITIONAL PHOTOS
1PROPERTY INFORMATIONW BALTIMORE AVENUE INVESTMENT
OFFERING MEMORANDUM
Each Office Independently Owned and Operated kimhenryrealty.com 4
OFFERING SUMMARY
SALE PRICE: $1,500,000
NUMBER OF UNITS: 10
LOT SIZE: 0.47 Acres
BUILDING SIZE: 2,000 SF
ZONING:Apartment Residence
District (R-4)
MARKET: Investment
SUBMARKET: Multi-family
PRICE / SF: $750.00
PROPERTY OVERVIEWLOCATION-LOCATION-LOCATION. The value in this two parcel listing is in thelocation.
PROPERTY HIGHLIGHTS• *Location / directly off Las Vegas Blvd and West Sahara - behind the
Stratosphere Hotel & Casino
• *Two parcels totaling 0.47 acres
• *Four buildings / 10 rental units
• *Great investment opportunity to buy and hold for future development andbring in rental income while holding
Executive Summary
W BALTIMORE AVENUE INVESTMENT 1 | PROPERTY INFORMATION
Each Office Independently Owned and Operated kimhenryrealty.com 5
PROPERTY OVERVIEW
LOCATION-LOCATION-LOCATION. The value in this two parcellisting is in the location.
LOCATION OVERVIEW
Located directly west of S Las Vegas Blvd behind the StratosphereHotel & Casino
Property Description
W BALTIMORE AVENUE INVESTMENT 1 | PROPERTY INFORMATION
Each Office Independently Owned and Operated kimhenryrealty.com 6
SALE PRICE $1,500,000
LOCATION INFORMATION
Building Name W Baltimore Avenue Investment
Street Address 216-220 Baltimore Avenue
City, State, Zip Las Vegas, NV 89102
County/Township Clark
Market Investment
Submarket Multi-family
Cross Streets South Las Vegas Blvd and West Sahara Ave
BUILDING INFORMATION
Price / SF $750.00
Occupancy % 100%
Tenancy Multiple
PROPERTY DETAILS
Property Type Multifamily
Property Subtype Low-Rise/Garden
Zoning Apartment Residence District (R-4)
Lot Size 0.47 Acres
APN# 162-04-813-014 and 162-04-813-015
Submarket Multi-family
Property Details
W BALTIMORE AVENUE INVESTMENT 1 | PROPERTY INFORMATION
Each Office Independently Owned and Operated kimhenryrealty.com 7
Additional Photos
W BALTIMORE AVENUE INVESTMENT 1 | PROPERTY INFORMATION
LOCATION INFORMATION
2 | LOCATION INFORMATION
REGIONAL MAP
AERIAL MAP
RENT ROLL
UNIT MIX SUMMARY
2LOCATION INFORMATIONW BALTIMORE AVENUE INVESTMENT
OFFERING MEMORANDUM
Each Office Independently Owned and Operated kimhenryrealty.com 9
W Baltimore AvenueInvestment
Regional Map
W BALTIMORE AVENUE INVESTMENT 2 | LOCATION INFORMATION
Each Office Independently Owned and Operated kimhenryrealty.com 10
W Baltimore AvenueInvestment
Aerial Map
W BALTIMORE AVENUE INVESTMENT 2 | LOCATION INFORMATION
Each Office Independently Owned and Operated kimhenryrealty.com 11
UNIT
NUMBER
UNIT
BED
UNIT
BATH
LEASE
START
CURRENT
RENT
1 1 1 2013 $375
2 1 1 2004 $355
3 1 1 2013 $400
4 1 1 2018 $430
5 1 1 2011 $400
6 1 1 2003 $480
7 2 1 2000 $650
8 1 1 2010 $400
9 1 1 2014 $400
10 0 1 2011 $335
Totals/Averages $4,225
Rent Roll
W BALTIMORE AVENUE INVESTMENT 2 | LOCATION INFORMATION
Each Office Independently Owned and Operated kimhenryrealty.com 12
UNIT TYPE COUNT RENT
3-Plex 2 $400
3-Plex 1 $335
House 1 $650
Duplex 1 $375
Duplex 1 $355
4-Plex 2 $400
4-Plex 1 $430
4-Plex 1 $480
Totals/Averages 10 $4,225
Unit Mix Summary
W BALTIMORE AVENUE INVESTMENT 2 | LOCATION INFORMATION
